Deals
URS Capital Trades 3 Assets, Nabs 3 More
The New York-based company sold three apartment communities in South Carolina and Florida, and plans to invest in upgrading three other assets it bought during the second half of 2016.
Berkadia Secures $50M in Financing for Cleveland Project
The company secured the loan from Related Fund Management for the development of Centric Apartments, a 272-unit community.
Commonwealth Development Buys IN Site for Affordable Housing Project
The company is planning 35 units on the former site of a Chevrolet plant in Muncie.
JV Secures $150M Construction Loan for Queens Tower
AIG is providing the financing for the luxury community, which is set to open in early 2018.
Port St. Lucie’s Apex Prima Vista Changes Hands for $38M
Bluerock Residential Growth REIT acquired the 320-unit property in Florida through a joint venture with the Carroll Org.
Hunt Mortgage Partners Secures Financing for VA Affordable Housing
The loan has an 18-year loan term, with two-years interest-only payments and a 35-year amortization schedule beginning in year three.
Griffis/Blessing Ends 2016 with $85M Deal
The Colorado Springs-based company purchased two properties in metro Denver, totaling 454 units.
MG Properties Grabs Phoenix-Area Property
JLL brokered the $51 million sale by Rockwood Capital and Alliance Residential of the well-situated, highly amenitized property.
New Jersey Apartments Go for $55M
Gebroe-Hammer Associates has announced the purchase of a 232-unit property in New Providence, N.J.
Castle Lanterra Enters Denver Market with $103M Acquisition
Located five minutes from downtown Denver, the property features 19 different studio, one- and two-bedroom floor plans and a significant retail component.